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Council adopts final FY 2024–25 budget amendment, reallocates building‑permit receipts
Summary
Council adopted the fourth and final budget amendment for FY 2024–25 to move recognition of prior cost allocations and fund fire/rescue overtime and retirement sustainability; staff said $12.7 million reflects a cost allocation transfer from the building permit fund.
The council unanimously adopted Ordinance 57‑58 on Nov. 18, the fourth budget amendment for fiscal year 2024–25, which recognises and reallocates several adjustments identified in year‑end accounting and a full cost allocation plan.
Chief Financial Officer Jim Zervas told council the amendment contains three primary adjustments: roughly $1.2 million in additional expense for fire rescue (primarily labor and overtime), about $1.2 million in additional retirement sustainability receipts (state insurance‑tax allocations the city received), and a roughly $12.7 million transfer tied to a cost allocation plan that recognizes city support previously provided to the building permit fund. Zervas said that amount relates to past services and should be recognized in the fiscal year just ended; approximately $9 million of the money will fund capital improvement projects and the remainder is being used to reconcile prior fund allocations.
A resident commenter, John Perlman, urged transparency and warned that moving cash into the general fund could make earmarked projects harder to track. Zervas and staff replied that the transfer reflects amounts owed under the cost allocation plan, that some funds will be earmarked for a previously purchased building (6551 Park Of Commerce) where building and code enforcement functions will be relocated and refurbished, and that the city will post the financial analyses publicly.
The ordinance passed 5–0.
Why it matters: The amendment reconciles prior fund accounting, ensures the general fund is credited for services rendered to the building permit fund and recognizes additional state receipts. Public watchers asked how those funds will be tracked and applied to planned capital projects.
